Renovated Denison Property with Event
500 W Woodard Street Denison, TX 75020
500 W Woodard Street, Denison, TX, 75020
$699,000
For Sale
$699,000
Renovated 1920s home and carriage house with outdoor space.
Property Size3,711 SF
Price / SF$188.36
Days on Market91
Property Features for 500 W Woodard Street
General Information
- Standard status
- Active
- Size
- 3,711 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agency
Tracy Realty
(903) 786-3115
Listed by
Tommi Sue Homuth · License #623240
(903) 786-3115
Source
Signaturere
Added: Apr 22 Updated: Jul 10 at 3:56PM Checked: Jul 20 at 4:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tracy Realty
Investment Insights
Based on property information with market context.
A completely renovated 1920s home and carriage house have been transformed into remarkable business office space and an art studio, featuring an outdoor event space. Currently home to Desk & Easel, an award-winning cooperative business relocating to a larger space, this property offers 3711 square feet of space. The property is located in Denison, Texas. It is ideally suited for a creative workspace, retreat center, restaurant, professional office space, retail establishment, or even a bed and breakfast. The Downtown Denison Alliance may provide grants for destination businesses. Denison is business-friendly and was a runner-up in the All-American Downtown awards, as well as recently selected as one of the most charming cities in Canada and the US and is planned growth. The sellers would like to lease back during their new construction and are willing to negotiate the terms.
Key Highlights
- Completely renovated 1920s home and carriage house, offering versatile space for creative workspace, retreat center, restaurant, office, retail, or B&B.
- Located in Denison, a business‑friendly city with planned growth and potential grants.
- Features outdoor event space.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.0k | $30.72 |
| − Vacancy | −$31.2k | −$8.42 |
| EGI | $82.8k | $22.30 |
| − OpEx | −$20.7k | −$5.58 |
| NOI | $62.1k | $16.73 |
3,711 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$886.8K
$775.9K – $1.03M
NOI $62,074 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.90M
$1.67M – $2.22M
NOI $133,262 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sherman Civil Engineering
General Contractor
Ziglar Realty, North ...
Real Estate Agency
Ziglar Realty, Greater ...
Real Estate Agency
MayMedia
Advertising Agency
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FAQs
What type of property is this?
Creative space - Renovated 1920s home and carriage house with outdoor space.
Where is this creative space located?
The property is located at 500 W Woodard Street Denison, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Completely renovated 1920s home and carriage house, offering versatile space for creative workspace, retreat center, restaurant, office, retail, or B&B.; Located in Denison, a business‑friendly city with planned growth and potential grants.; Features outdoor event space.
